Spanish online gaming revenue hikes 38% in Q4

Spanish gaming regulator Dirección General de Ordenación del Juego (DGOJ) has revealed further growth in the country’s online gambling market in the fourth quarter.

Revenue during the three months to December 31, 2017, amounted to €173.3m ($213.5m), up 38% on the corresponding period last year and also an increase of 23.5% on the total collected in the third quarter of this year.

Sports betting remained the main source of income in the quarter, contributing €103.6m to the revenue total, 48.5% more than last year.

Casino revenue was also up 37.4% year-on-year to a total of €49.4m.

However, consumers wagered more on online casino games than any other form of internet gambling in the period, with the €1.77bn total 48% more than last year and also ahead of sports betting on €1.34bn.

The DGOJ also noted growth within the online poker market, with total spend up 15.5% year-on-year to €411.6m, while revenue climbed 5% to €15.5m.

The regulator put this growth down to a 2.2% increase in tournament fees in the period, as cash games stakes dropped 2.6%.

In addition, there was growth in the bingo market, with turnover up more than one third to €25.5m and revenue up 40% to €3.3m.

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